Sponsor portfolio

STATE BANKSHARES, INC.

EIN 45-0412162bankingLatest filing 2024

Plans

Retirement

$397.4M assets

Welfare

$3.0M premiums

Participants

5,906

520 MAIN AVENUE - FARGO, ND 58103701-298-1500LinkedIn1001-5000 employeesbanking

Plans on this EIN

3 filings

#002401k-$319.4M - 2,262 part #003ESOP-$78.0M - 1,797 part #501Mixed-$3.0M - 3,499 lives

Retirement portfolio analytics

2 plans aggregated / $397.4M assets / 4,059 participants

Assets by plan

Share of aggregate retirement assets

80%top

Recordkeeper share

DC plan assets by Schedule C recordkeeper

Entrenched

80%top

BELL BANK80%
(Not disclosed)20%

Participants by plan

Active + retired + deferred vested

PROFIT SHARING PLAN (#002)2,262
PLAN AND TRUST (#003)1,797

Benefits portfolio analytics

1 plan / $3.0M premiums / 3,499 covered lives

Coverage by line

Premium dollars by benefit type (bundled lines overlap)

Life$1.6M
Long-term disability$1.6M
Other$1.6M
Health$1.4M
Dental$1.4M

Carrier market share

Premium dollars by Schedule A carrier

Multi-vendor

53%top

UNUM LIFE INSURANCE COMPANY OF AMERICA53%
BLUE CROSS OF CALIFORNIA47%

Broker market share

Schedule A broker compensation

Split broker

83%top

PRIME GROUP INSURANCE SERVICES, INC83%
AZURANCE GROUP17%

Plan deep-dives

Per-plan teasers. The full analytics (fees vs peers, audit grade, trajectory, counterparties) live on each plan detail page.

Retirement#002

STATE BANKSHARES 401(K) PROFIT SHARING PLAN

401k

Assets$319.4M

Participants2,262

Inside the deep dive

Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers

Open plan deep dive

Retirement#003

STATE BANKSHARES EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

ESOP

Assets$78.0M

Participants1,797

Inside the deep dive

Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers

Open plan deep dive

Welfare#501